$275,000
INVESTORS TAKE NOTICE! 5-UNIT INCOME PROPERTY IN THE HIGHLY DESIRABLE EDISON SCHOOL DISTRICT!An excellent opportunity to acquire a 5-unit investment property in a peaceful rural setting within the sought-after Edison School District!INSTANT INCOME WITH VALUE-ADD POTENTIAL! Four of the five units are currently occupied, providing immediate rental income, while the vacant unit offers an opportunity for improvements and potential rent growth. With some cosmetic updates and strategic upgrades, there may be significant potential to increase rental income, build equity, and improve your overall return on investment.PROPERTY HIGHLIGHTS:*Five residential rental units*Four units currently occupied. No Section 8 tenants.*Three units are on month-to-month lease basis.*Desirable rural location in the Edison School District*Separate electric service for each unit*Shared water system and septic system*Septic system maintained by Franklin Sanitation*Opportunity to increase rental income through updates and improvements*Immediate income from existing tenantsUNIT CONFIGURATION:All 2 bd, 1 bathUnit A - Lower Rear: $650 Lease expires 2/28/2027Unit B - Lower: $1000Unit C - Upper: Vacant (Market Rent $1,100.00)Unit D - Upper: $1000 At-will since 7/31/2025Unit E - Lower: $950SHOWING INFORMATION: The vacant unit is available for showings. To respect the privacy of existing tenants and minimize unnecessary disruptions, occupied units will be made available for viewing upon receipt of a Letter of Intent (LOI).THE OPPORTUNITY- Purchase an income-producing property with existing cash flow, make strategic improvements over time, and potentially enjoy increased rental income and long-term appreciation.Experienced investors know the money is often made by recognizing potential before everyone else does!*To respect tenants privacy there are no interior photos of occupied units*
20264281
MLS
13103 Old Mudbrook Rd, Milan
Courtesy of Berkshire Hathaway HomeServices Pro. - Sandusky